EURUSD Daily Analysis – May 19, 2017

by ForexCycle.com | May 19, 2017 1:54 am
EURUSD remains in uptrend from 1.0839, the fall from 1.1172 is likely consolidation of the uptrend. Range trading between 1.1070 and 1.1172 would likely be seen in a couple of days. Near term support is at 1.1070,...

USDCAD Daily Analysis – May 18, 2017

by ForexCycle.com | May 17, 2017 11:58 pm
USDCAD remains in downtrend from 1.3793. Further decline is still possible over the next several days and next target would be at 1.3500 area. Resistance levels are at 1.3640 and 1.3670, only move above these levels could...

USDJPY Daily Analysis – May 18, 2017

by ForexCycle.com | May 17, 2017 11:58 pm
USDJPY continued its downward movement and the fall extended to as low as 110.52. Further decline is still possible after a minor consolidation and next target would be at 109.50 area. Resistance is at 111.60, only move...

AUDUSD Daily Analysis – May 18, 2017

by ForexCycle.com | May 17, 2017 11:57 pm
AUDUSD remains in the short term uptrend from 0.7328, the fall from 0.7445 is likely consolidation of the uptrend. Further rise to test the resistance of the descending trend line on 4-hour chart is possible. Support is...

GBPUSD Daily Analysis – May 18, 2017

by ForexCycle.com | May 17, 2017 11:56 pm
GBPUSD is facing the resistance of 1.2988. A break of this level will indicate that the bullish movement from 1.2365 has resumed, then another rise towards 1.3100 could be seen. On the other side, as long as...

EURUSD Daily Analysis – May 18, 2017

by ForexCycle.com | May 17, 2017 11:55 pm
EURUSD’s bullish movement from 1.0839 extended to as high as 1.1171. Support levels are at 1.1100 and 1.1050, as long as these levels hold, the upward movement could be expected to continue, and next target would be...

USDCAD Daily Analysis – May 17, 2017

by ForexCycle.com | May 16, 2017 11:58 pm
USDCAD is now in downtrend from 1.3793. Further decline could be expected over the next several days, and next target would be at 1.3500 area. Resistance is at 1.3670, only break above this level could trigger another...

USDJPY Daily Analysis – May 17, 2017

by ForexCycle.com | May 16, 2017 11:57 pm
USDJPY broke below the bottom of the price channel on 4-hour chart, indicating that the upward movement from 108.13 had completed at 114.36 already. Further decline could be expected over the next several days and next target...

AUDUSD Daily Analysis – May 17, 2017

by ForexCycle.com | May 16, 2017 11:56 pm
AUDUSD is in short term uptrend from 0.7328. Further rally could be expected and the target would be at the descending trend line on 4-hour chart. Near term support is at the support trend line of the...

GBPUSD Daily Analysis – May 17, 2017

by ForexCycle.com | May 16, 2017 11:51 pm
GBPUSD continued its sideways movement in a range between 1.2831 and 1.2988. The sideways movement is likely consolidation of the uptrend from 1.2365. Further rise could be expected after the consolidation and a break of 1.2988 resistance...